Tata Power Renewable to Develop 7 GW Clean Energy in Andhra Pradesh

Tata Power Renewable Energy Ltd. (TPREL) signed an MoU with the government of Andhra Pradesh for setting up 7,000 megawatts (7 GW) renewable energy projects in the state. The MoU signed in Amaravati will be based on solar, wind, and hybrid energy projects with or without storage facilities. The project is likely to mobilize up to ₹490 billion ($5.9 billion) of investment, which will be one of the biggest renewable energy investments in Andhra Pradesh.

Promoting Renewable Energy Development:-
The transaction is part of Andhra Pradesh's clean energy policy overall, which is designed to contribute to the renewable capacity of the state. The state has a lofty target under its Integrated Clean Energy Policy that will have over 160 GW of renewable power facilities commissioned with a potential investment of ₹10 trillion ($120 billion). The policy will also create 7.5 million jobs, contributing to economic development and employment.

TPREL will carry out preliminary studies and feasibility studies to identify the most suitable locations to develop the project under the MoU. NREDCAP will extend facilitation support in terms of site location and power evacuation infrastructure support.

Strategic Importance of the Investment;-
Tata Power's growth of renewable energy has been in alignment with India's national agenda of enhancing clean energy capacity and decreasing carbon footprints. The country has set a target of achieving 500 GW of non-fossil fuels energy capacity by 2030. Andhra Pradesh, blessed with sunlight and wind as natural resources, is pivotal towards the fulfillment of this target.

The investment in clean energy projects also maintains the long tradition of Andhra Pradesh with the Tata Group. The state has been actively encouraging investments in renewable energy through policy support and infrastructure facilities.

Tata Power's Clean Energy Commitments:-
Tata Power already has a diversified energy portfolio of 15.6 GW, with 6.7 GW being a clean energy capacity. It has also made a goal to become carbon neutral in 2045 and is constantly investing in solar, wind, and hybrid projects to move toward cleaner energy solutions.

The construction of 7 GW of renewable power in Andhra Pradesh will contribute to the state's move towards cleaner energy and India's overall cumulative integration of renewable energy. The projects intend to enhance the energy security as well as stability of the grid by combining solar and wind energy with prospective storage alternatives.

Conclusion:-
Andhra Pradesh government-Tata Power Renewable Energy tie-up is a landmark move towards more clean energy infrastructure development in the state. It is estimated to cost ₹490 billion and will contribute to India's future sustainability targets and boost economic growth. As Tata Power proceeds with its renewable energy drive, Andhra Pradesh will be among India's top sources of green energy development.

Source: Tata Power Renewable Energy Ltd., Government of Andhra Pradesh